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|AvantCredit signs multi-year contract with Equifax|
|Thursday, 30 April 2015|
AvantCredit, an online consumer lending platform active in the US and UK, has signed a long term deal with Equifax, the business insights expert. The contract appoints Equifax as a provider of credit and anti-money laundering checks for AvantCredit in the UK.
AvantCredit have over 180,000 customers on the its platform, and Equifax will provide the company with solutions to verify the identity of applicants, help assess loan applications, and assist in determining the affordability for consumers. AvantCredit will use the Insights provided by Equifax to improve its predictive modelling capability and subsequently offer customers what it considers to be the most appropriate loan rates. The deal supports AvantCredit’s strategy to grow its customer base, control credit and fraud risk, lend responsibly and manage risk.
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